2231 N 25TH Place, Phoenix, AZ 85008
$850,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$850,000
Last Modified:
8/04/2025
Description
Investment Opportunity: Four on 25th
This is an amazing opportunity to own a triplex and a single-family home on one lot, qualifying for FHA, VA, and conventional financing - a rare find for investors and owner-occupants alike!
Property Details: Single-Family Home:
3 Bedrooms | 1.5 Bathrooms
Central A/C
Washer & Dryer Hookups
Triplex Units:
Three (3) Two-Bedroom, One-Bath Units
Each unit has washer & dryer hookups
Individually metered for electricity
Recent exterior paint.
Supplements: Investment Highlights: Below-Market Rents - Significant upside potential to increase returns Great Location - Centrally located in Phoenix, near freeways & residential neighborhoods Recently appraised at $850,000 Fully Separately Metered - Tenants pay their own electricity Versatile Financing Options - FHA, VA, and conventional financing eligible. All facts and figures are approximate. Buyer to verify MLS information. Drive-by only. Please do not disturb tenants.
More Information MLS# 6818128
Contract Info
Current Price: $850,000
List Price: $850,000
Status: Active
List Date: 2025-02-09
Ownership: Fee Simple
Location Tax Legal
House Number: 2231
Compass: N
Street Name: 25TH
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 2733
County Code: Maricopa
Subdivision: VEL RU
Assessor Number: 120-37-048
Tax Year: 2024
General Property Description
Lot Size Dimensions: 144 x 50
Year Built: 1948
Uncvrd Parking Spcs: 6
Total # of Units: 4
# of Buildings: 2
Zoning: R-4
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Monte Vista Elementary School
Jr. High School: Biltmore Preparatory Academy
High School: Alhambra High School
Remarks Misc
Cross Street: 24th St / Oak
Geo Lat: 33.472892
Geo Lon: -112.026234
Legal Info
Township: 2N
Range: 3E
Section: 35
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 69940
Net Operating Income: 54741
Showing Notification Methods
Showing Service: Aligned Showings
2 Bedroom Units
# 2 Bedroom Units: 3
Avg Rent: 1200
Avg SqFt: 645
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 3
Avg Rent: 1895
Avg SqFt: 1560
# Baths: 2
Property Features
Project Type: Tri-Plex; Four Plex; Other (See Remarks)
Other Type: House + Rental Units
Construction: Block; Other
Const - Finish: Painted; Stucco
Roofing: Composition; Rolled; Other
Floors: Concrete; Ceramic Tile; Other
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Other (See Remarks)
Interior Amenities: Other (See Remarks)
Appliances Included: Refrigerator; None; Other
Heating: Other; See Remarks
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: Other (See Remarks)
Parking Features: Paved
Owner Pays: Water; Trash Collection; Other
Tenant Pays: Electricity
Source of Fincl Data: Projected Proforma; Other (See Remarks)
Special: REO Property
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Environmental: None
Listing Office: Grace CRE
Last Updated: August - 04 - 2025
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